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Gene Fang, the global credit rating agency’s associate managing director, says India has a relatively high level of general government debt and low debt affordability.

The Adani Group’s plan to build a massive storage project in Gujarat signals a mature technology and a sector moving towards scale and consolidation.
Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.
ICICI Bank’s steep hike in minimum balance requirements and subsequent U-turn raise questions about whether these rules can and should endure.